The federal government has said it will sign the African Continental Free Trade Agreement (AfCFTA) at the upcoming Extraordinary Summit of the African Union in the Nigerien capital city, Niamey.
The extraordinary summit is expected to hold on July 7, according to information African Union’s website.
Nigeria earlier abstained from signing the agreement initially, saying it was weighing the effects it will have on its economy. However, in a statement issued last night, the federal government said it is signing the #AfCFTA Agreement after extensive domestic consultations.
African Union’s commissioner for trade and industry Albert Muchanga said Nigeria ratifying the agreement is a “good and important development.